Over the past period in 2014 banks placed shares at 206.7 million manats

Since the beginning of this year, the State Committee for Securities registered the issue prospectus of three banks totaling 90 million manat. Of these, 70 million manat issued Capital Bank, and 10 million manat respectively AFB Bank and Gunay Bank.

For comparison, during the same period last year state registration regarded the issue of shares of five banks in the amount of 72.3 million manat.

According to calculations by Turan, in less than three months at BSE there were placed shares totaling 206.7 million manat. Of these funds, 70 million manat was emission by Capital Bank, 110.9 million - by the International Bank of Azerbaijan, 10 million - by Atrabank (total emission of 40 million manat), 3.6 million - by Gunay Bank, and 12.2 million - by Amrahbank (AZN 20 million) .

During the same period last year shares of 24.5 million manat were placed on BSE. Net top banks' (Capital Bank and IBA) capital jumped over AZN 100 million long ago and the difference compared with the previous year is not significant.

At the end of January 2014 the total aggregate capital of domestic banks amounted to 3,460.8 million manat. Aggregate capital of two of the 43 banks in the country was below the level of AZN 5 million, despite the fact that the minimum size requirement of total capital since 2007 is 10 million manat, and in 2015 will grow to 50 million manat. -15B-